How will gold perform during the second half of the year?
ActivTrades
AUGUST 2020 was a remarkable month for gold traders, with the price of the precious metal reaching an all-time high of more than $2000 per ounce.
Local ice-cream producer sees noticeable uptick in business
A Bahamian ice-cream producer says selling ice-cream in The Bahamas is a “no brainer” and the main thing is you have to be able to distinguish yourself.
Workforce industrial action branded ‘illegal’ by BPL
BAHAMAS Power & Light (BPL) has branded yesterday’s industrial action by its workforce as “illegal” while assuring the public a contingency plan is in place to ensure power disruption is minimal.
BEWU head: $58,000 a year ‘flat out lie’
THE Bahamas Electrical Workers Union head said yesterday it is a “flat out lie” that Bahamas Power & Light (BPL) line staff make an average of $58,000 a year
ORG exec: Snap election leaves “several outstanding issues unresolved”
CALLING a snap election has left “several outstanding issues unresolved,” which are “now at risk”, a governance reformer has warned.
South Andros Commerce president: New curfew will bring COVID surge under control
SOUTH Andros Chamber of Commerce president Joe Rahming says he welcomes the new 8pm curfew on the island as it will help bring their COVID-19 surge under control.
Chamber chief: ‘Ship has sailed’ on Abaco redesign
An Abaco Chamber head is concerned over the failure to redesign Marsh Harbour to protect it from massive flooding, as happened in 2019 with Hurricane Dorian, lamenting “the ship has sailed”.
Wholesaler warns of very expensive xmas
Leading wholesaler Heath Pritchard has warned consumers can expect a very expensive Christmas with wholesale prices continually rising, something he expects to carry on into 2022.
Aliv in COVID-inspired demand for fibre services
A senior Aliv executive says the COVID-19 pandemic has increased demand for fibre services, transitioning away from lower bandwith standard modem services.
SBDC exec says technology pivot successful for SMEs
A Small Business Development Centre (SBDC) executive said pivoting towards technology is what successful small and medium sized enterprises (SMEs) have been doing during the COVID-19 pandemic.
Solomon’s on the move with Lucaya grand opening
With a $1m remodel completed, Solomon’s Lucaya held a re-grand opening yesterday, and plans are proceeding to reopen by next March a second Solomon’s location in Downtown, Freeport, that will bring AML Foods’ total investment to over $5M in Grand Bahama.
NIB considers extension as pandemic benefits reach $100m
The National Insurance Board (NIB) has paid out over $100m in pandemic unemployment benefits thus far and a decision on whether payments will continue will happen by the end of September.
Cable in revenue increase pass expectations
Cable Bahamas Ltd (CBL) “surpassed expectations” for the 2021 fiscal year with revenue increasing by four percent in the final quarter.
Island Luck teams up on sports betting technology
Kambi Group Plc, a provider in sports betting technology, has teamed up with local gaming house, Island Luck, to provide the latter with premium sports betting technology.
Lumber now in greater supply
A building materials supplier said lumber prices have “flattened out considerably” riding the wave of greater supply and availability.
